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  1. M

    Best Currency to Store under Mattress for the Next 6-12 months?

    Here you go: http://etfdb.com/etf/EIDO/ As to the ccy, you can't trade IDR onshore directly (since 2001 Bank Indonesia rule). You can trade IDR NDFs offshore, but my guess that only Asian banks would offer such a capability. So maybe if you had an acount at UOB or OCBC in Singapore or smth...
  2. M

    Futures spread trading

    Well, sorta, but not quite. You know what goes into the calculation of Sharpe, I presume?
  3. M

    Great op ed piece by John Taylor

    Hahaha, my people will get in touch with your people, Maverick :). At any rate, I just felt like saying it, is all.
  4. M

    Great op ed piece by John Taylor

    For the record, I disagree with Taylor. IMHO, he's barking up the wrong tree.
  5. M

    back when republicans were acting like grownups.....

    I applaud Ronald Reagan for his original statement (quoted in the OP). I think the debt ceiling shenanigans represent a useless charade and are a complete and utter embarassment. Obama's 2006 quote suggests to me he's a politician, first and foremost, which doesn't bode well for the US of A...
  6. M

    Futures spread trading

    Hahaha... I got fingers in lots of pies, mate, so there's stuff to keep me occupied (other than ET, that is). Also, months, I'd say, is the upper bound and it could be days or weeks. As to exits, I am generally a very RV oriented person. So I don't have stops (unless I judge that there's...
  7. M

    Global Macro Trading Journal

    I am in there.
  8. M

    The Long Retreat of Liberalism

    Indeed, but isn't it curious that they're also the cream of the crop if you love your government to be solvent? http://en.wikipedia.org/wiki/List_of_sovereign_states_by_public_debt Regardless, this doesn't change my point. The assertion that the author of the article makes is just not...
  9. M

    Can someone explain exactly what is going on in this compression trade?

    Yep, as Kevin says, there's also other suspect stuff going on... On balance, I would have to agree that this is just more ZH nonsense.
  10. M

    The Long Retreat of Liberalism

    Good question... I don't know what it is, but then I didn't make any high-falutin' overly general assertions about "liberalism", "socialism" or any other such thing. Clearly, it's not about "liberalism" or it's not only about "liberalism". As to the economic comparisons, as of 2010...
  11. M

    Can someone explain exactly what is going on in this compression trade?

    It's not a trade... You can't buy the other side, since it's a regression-weighed basket of a whole bunch of stuff (not sure what, although someone in the comments has an idea). So it's a signal that ES might be overvalued, but that's about it. Moreover, as many such regression-derived...
  12. M

    The Long Retreat of Liberalism

    How bizarre that the author forgets to mention that probably the most "liberal", "socialist", etc societies in the West, e.g. Sweden, Norway, Denmark, are all doing just fine. More than fine, they seem to be kickin' ass and taking names, last I checked (and no, it's not the oil). Furthermore...
  13. M

    Global Macro Trading Journal

    Who do you know in Europe who will complain if the Euro falls 20% in a couple of months? Euro's problem is that it's chronically overvalued because of the Chinese. If the unlikely happens and t-w Euro falls as a result of the rescue package (whatever form it takes), it would be a very good...
  14. M

    Larry Summers.. "Default = Financial Armegeddon"... LIAR!

    Sure, I would definitely agree with that... However, if it's technically illegal and causes some ginormous lawsuits, is it still that obvious? Anyways, hope you're right and, for the record, I think Summers is a tool.
  15. M

    Larry Summers.. "Default = Financial Armegeddon"... LIAR!

    Can you tell me how you know that? As I understand it, the idea that the Treasury can actually prioritize interest payments over the other stuff is by no means a certainty. My understanding is that it's based on a one-page GAO legal opinion issued a long while ago. It may or may not be valid...
  16. M

    Global Macro Trading Journal

    The flip side is that you get almost no carry with CHFSGD.
  17. M

    Atheists break into church and steal art supplies from Christian children.

    peil, seriously, I do wonder sometimes how old you are... Do you really mean what you wrote above? [B] Well, it's not really something that's in my mind. The link, specifically in the context of homosexuality, has been observed empirically (see Adams, Wright & Lohr, J. of Abnormal...
  18. M

    Today both stocks and bonds went up... anybody could explain?

    This (mis)perception is the by-product of the overly enthusiastic application and acceptance of the so-called "Fed model" for asset allocation. To put it mildly, it's not ideal, even when applied over longer horizons. It's totally absurd to try to think that it means anything for daily...
  19. M

    how to interpret this

    http://www.babypips.com/
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